Jefferies Group Comments on Sunoco LP’s Q3 2016 Earnings (SUN)

Sunoco LP (NYSE:SUN) – Analysts at Jefferies Group issued their Q3 2016 earnings per share estimates for shares of Sunoco in a research report issued on Thursday. Jefferies Group analyst C. Sighinolfi anticipates that the brokerage will post earnings per share of $0.31 for the quarter. Jefferies Group also issued estimates for Sunoco’s FY2016 earnings at $1.74 EPS and FY2017 earnings at $1.24 EPS.

SUN has been the topic of several other reports. Vetr upgraded Sunoco from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Wednesday, August 31st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $44.00 target price on shares of Sunoco in a research note on Tuesday, August 9th. Credit Suisse Group AG set a $33.00 target price on Sunoco and gave the company a “hold” rating in a research note on Saturday, August 6th. Zacks Investment Research downgraded Sunoco from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 5th. Finally, Robert W. Baird restated an “outperform” rating and issued a $43.00 price target on shares of Sunoco in a research note on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. Sunoco currently has an average rating of “Hold” and an average price target of $34.76.

Shares of Sunoco (NYSE:SUN) opened at 28.77 on Monday. The firm has a 50 day moving average price of $29.41 and a 200-day moving average price of $31.14. The firm has a market capitalization of $3.22 billion, a P/E ratio of 24.16 and a beta of 0.67. Sunoco has a 52 week low of $22.86 and a 52 week high of $40.06.

A number of large investors have recently modified their holdings of SUN. Gilman Hill Asset Management LLC boosted its stake in shares of Sunoco by 1.2% in the second quarter. Gilman Hill Asset Management LLC now owns 10,375 shares of the company’s stock valued at $311,000 after buying an additional 125 shares during the period. Youngs Advisory Group Inc. boosted its stake in shares of Sunoco by 3.2% in the second quarter. Youngs Advisory Group Inc. now owns 12,913 shares of the company’s stock valued at $387,000 after buying an additional 404 shares during the period. BlackRock Inc. boosted its stake in shares of Sunoco by 8.6% in the second quarter. BlackRock Inc. now owns 5,230 shares of the company’s stock valued at $157,000 after buying an additional 412 shares during the period. GSA Capital Partners LLP boosted its stake in shares of Sunoco by 9.7% in the second quarter. GSA Capital Partners LLP now owns 10,190 shares of the company’s stock valued at $305,000 after buying an additional 900 shares during the period. Finally, State Street Corp boosted its stake in shares of Sunoco by 4.1% in the first quarter. State Street Corp now owns 24,046 shares of the company’s stock valued at $796,000 after buying an additional 941 shares during the period. 41.96% of the stock is currently owned by hedge funds and other institutional investors.

Sunoco Company Profile

Sunoco LP, formerly Susser Petroleum Partners LP, is engaged in the retail sale of motor fuels and merchandise through the Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors.